Dynamic Funds announced Sept. 3 the launch of its fourth liquid alternative offering – Dynamic Credit Absolute Return II Fund.
Dynamic says the new offering is “a credit-driven solution that is managed using investment strategies beyond the reach of a traditional mutual fund.”
This fund extends the company’s recently launched suite of liquid alternatives, which include: Dynamic Alpha Performance II Fund, Dynamic Premium Yield PLUS Fund and Dynamic Real Estate & Infrastructure Income II Fund.
Low correlation, absolute return strategy
"We are pleased our liquid alternative line-up has been so well received – our liquid alternatives are a natural evolution for us, as Dynamic has a long history of providing both traditional mutual funds and hedge funds to Canadian investors," says Neal Kerr, President & CEO, Dynamic Funds. "This low correlation, absolute return strategy will help meet clients' evolving needs, particularly in today's challenging environment of low interest rates and heightened market volatility," adds Kerr.
The fund is managed by Marc-André Gaudreau, head of Dynamic's Specialized Credit team, who currently manages a similar investment strategy that was launched in January 2014.